Mti Wireless Edge Share Discussion Threads

[zipstuck] 25/6/2019 07:31

10 times PBT is not a bad deal including earnouts. Plus enhanced growth.

[spaceparallax] 24/6/2019 15:38

Interesting - a place for intelligent water systems if ever there was.

[cjohn] 24/6/2019 09:13

Acquistion of 50% of Parkland Australia, a value added reseller of Mottech's solutions in Australia

Looks positive to me.

Payment of up to $0.55m. $0.41m up front, the rest dependent on performance.


Parkland has shareholder equity of $0.63m including net cash of $0.27m.
PBT for year to June 2018 was $O.16m.


(All figures are US dollars.)

[spaceparallax] 24/5/2019 13:02

It certainly benefits those with substantial holdings via options

[dangersimpson2] 24/5/2019 12:09

They already pay a pretty chunky dividend and are delivering growth on a number of fronts. Given that the share price fell 20% on little volume in the 1-month close period prior to this quarter's results and has now stabilised due to the buyback mopping up the small sells, and they are buying back at a small premium to book value then it seems the ideal use of spare capital in the business to me.

[zipstuck] 24/5/2019 09:34

Depends if they are covering options on better anticipated results. Outlook was re-assuring and conservative

[spaceparallax] 24/5/2019 09:21

Personally, I'd rather see the spare cash invested or returned to holders.

[zipstuck] 24/5/2019 09:11

Looks as if they are mopping up any spare stock which is encouraging

[cjohn] 22/5/2019 15:13

Solid 1st quarter results. Good cash generation.

[spaceparallax] 22/5/2019 09:33

Hard to say - or simply profit-taking after a prolonged rise.

Today's results seem very positive, which hopefully should stem the recent dip.

[zipstuck] 21/5/2019 17:04

I guess the fall is to do with China Motorola kit potential sanctions.

[spaceparallax] 01/5/2019 13:10

Wow, that is a plum contract - well done Mottech. Should all help sustain the share price recovery and demonstrate that the business is steadily growing.

[cjohn] 01/5/2019 12:18

And now a fourth new contract: MTI's biggest contract ever, $3m in China (over 5 years) for Mottech for a client for whom they've previously worked.

[muffster] 30/4/2019 15:18

Great to see... Wonder if they have a new sales team in place.

[cjohn] 30/4/2019 15:10

That's three sizeable new contracts in the last ten weeks.

[spaceparallax] 30/4/2019 09:07

Nice contract win - with a flurry of activity to match.

[newtothisgame3] 30/3/2019 20:38

Antenna maker #MTI #Wireless #Edge Ltd (LON:#MWE) was up 3.6% at 23p after inking a $1mln (£763,249) contract with one of its customers for military antennas.

[cjohn] 30/3/2019 07:51

Another significant contract win. $1m antennae contract.

[zipstuck] 11/3/2019 09:35

Not a bad yield. Given the recent contract announcements should make some progress

[cjohn] 11/3/2019 08:45

Full year results out today.

Turnover $35.5m. Up 35%. (Up 2% like to like)

eps 2.7 US cents. (2p per share.)

$2.3m cash from operations.



A solid, but unspectacular performance overall.

But the 4th quarter is far more promising. Operating profit rose to $1m, which represented a significantly improved operating margin of 11%. Management attribute this to cost savings beginning to come through from the merger.

Let's hope they are right and it's not a 3 month blip. If it is a susatainable improvement, we might expect $4m operating profit next year and perhaps
$3.5m post tax profits. That's around 3p per share.


On this basis, I intend to go on holding, as the shares look at least 50% undervalued.

[cjohn] 08/3/2019 10:36

My Retirement Fund
6 Mar '19 - 12:27 - 1886 of 1889

"as each decade goes by, the intrinsic purchasing power of a Bank of England pound coin is practically halving !"

Bit dodgy your maths, MRF. On a back of an envelope calculation halving in value over 10 yaars would imply an annual inflation rate of about 3.6%. In the last decade inflation has been considerably lower than that.


What's more, I've had a different experience to you. On my original holding bought between prices from 5-10p, I have an annual dividend of between 13 to 26%, which more than covers any inflationary erosion (about 2% this year, I believe?) What's more, a few years ago, there was a fairly hefty special dividend. (I seem to remember that this returned 20% on the average of my original investments.)

In the time I've been invested in the share, it's been conservatively managed, though the recent merger with the parent company did not favour investors in MWE.




Your reflections on flowers and coffins have cheered me up, in any case. If you are in extreme financial distress after dabbling in too many Israeli tech stocks, there is financial support available through your local council. (Assuming they haven't made the same mistake.)


There is always the option of coffin dodging to consider, too. Presumably that option can't go on forever though.

[spaceparallax] 08/3/2019 09:28

sadly, it's trading that's the problem - the only winners in trading are the dealers.